$LUNC /USDT — WEAK BOUNCES, SELLERS STILL IN CONTROL 📉
BEARISH CONTINUATION LIKELY: LOWER HIGHS SIGNAL MORE DOWNSIDE PRESSURE.
LUNC is trading below key short-term resistance after failing to sustain above the recent high. Price is hovering near intraday support with declining momentum, suggesting buyers are struggling to step in. Until a clear reclaim of resistance with volume, the next move favors sellers.
Immediate Market Move (Explanation):
On lower timeframes, price is respecting a descending structure with repeated rejections near the $0.0000385–0.0000390 zone. Volume has cooled off after the bounce, and momentum indicators (like MACD flattening below signal) hint at continuation or a slow bleed toward lower liquidity zones.
📉 Trade Setup (SHORT)
Entry: $0.0000378 – $0.0000385 (resistance retest)
TP 1: $0.0000360
TP 2: $0.0000352
TP 3: $0.0000345
SL: $0.0000392
(Conservative traders wait for rejection confirmation at resistance)
🔍 Market Outlook
Short-term outlook remains bearish to range-bound. A bullish reversal only becomes valid if LUNC breaks and holds above $0.0000395 with strong volume. Until then, rallies are likely selling opportunities.
